Fastenal Company (NASDAQ:FAST) on Focus After Report of More Shorts

12/10/2017

Analysts forecast earnings per share of $0.50, up exactly $0.06 or 13.64 % from 2014's $0.44 EPS. The firm has "Buy" rating by Citigroup given on Tuesday, January 5. Sterne Agee CRT initiated Fastenal Company (NASDAQ:FAST) on Tuesday, March 22 with "Neutral" rating. For the most recent quarter, quick ratio was 2.40, current ratio was 5.50, LT Debt/Equity ratio was 0.22 and Total Debt/Equity ratio stands at 0.22, while Payout ratio is 68.30%. The business's revenue for the quarter was up 11.8% compared to the same quarter past year. The business's revenue for the quarter was up 10.6% on a year-over-year basis. They expect $1.92 EPS, up 14.97% or $0.25 from last year's $1.67 per share.

Investors sentiment increased to 1.29 in 2017 Q2. If you are accessing this news story on another website, it was stolen and republished in violation of U.S. and global copyright and trademark legislation. The legal version of this story can be viewed at https://www.truebluetribune.com/2017/10/11/analysts-offer-predictions-for-fastenal-companys-q3-2017-earnings-fast.html.

Several equities research analysts recently weighed in on the company. BMO Capital Markets maintained the stock with "Hold" rating in Tuesday, July 11 report. Morgan Stanley reaffirmed an "equal weight" rating and issued a $43.00 target price (down from $46.00) on shares of Fastenal in a report on Monday, June 26th. Jpmorgan Chase & holds 0% in Fastenal Company (NASDAQ:FAST) or 245,340 shares. Robert W. Baird raised shares of Fastenal from a "neutral" rating to an "outperform" rating and set a $53.00 target price on the stock in a report on Wednesday, July 12th. The firm earned "Buy" rating on Friday, June 2 by Stephens. Out of 17 Wall Street analysts rating Fastenal, 9 give it "Buy", 0 "Sell" rating, while 8 recommend "Hold".

Keeping an eyeball on Moving Averages, the 50-day is 43.72; the 200-day is at 44.33, for Fastenal Company (FAST). Fastenal has a 12-month low of $37.70 and a 12-month high of $52.74. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time. Ashmore Wealth Management Llc who had been investing in Fastenal Co for a number of months, seems to be less bullish one the $12.82 billion market cap company. Rikoon Group LLC acquired a new stake in Fastenal Company during the third quarter valued at $1,660,000. Its up 9.24% from 25.52 million shares previously. About shares traded. Fastenal Company (NASDAQ:FAST) has declined 2.09% since October 12, 2016 and is downtrending. The stock volatility for the week was 2.45% while for the month was 1.79%. Seven Eight Capital LP boosted its position in shares of Fastenal by 67.2% during the 2nd quarter. The Massachusetts-based Fayerweather Charles has invested 0.28% in Fastenal Company (NASDAQ:FAST). However, the institutional investors are observed to own 86.70% of the total shares. About shares traded. Celanese Corporation (NYSE:CE) has risen 21.48% since October 12, 2016 and is uptrending. Bamco Ny owns 1.05M shares. After a recent check, it is observed that the insiders for the firm now own 0.28% shares. The stock was acquired at an average cost of $40.58 per share, with a total value of $32,464.00. Boyd Watterson Asset Ltd Llc Oh owns 11,292 shares. The disclosure for this sale can be found here. Given that its average daily volume over the 30 days has been 3.10M shares a day, this signifies a pretty significant change over the norm.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 24th. This represents a $1.28 dividend on an annualized basis and a yield of 2.94%. Slightly noticeable ratio of firm is current ratio, which is standing at 5.50. It is positive, as 56 investors sold Fastenal Company shares while 168 reduced holdings. Corporate insiders own 0.55% of the company's stock.

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